3 Things Women Need In Retirement

What comes to mind when you think about preparing for retirement? Most likely, the first thing you thought of was the financial aspects of this milestone. And while no one will argue with you about the importance of creating a secure retirement plan, it’s also important to prepare for the emotional and psychological changes that happen when you say goodbye to your career.

Retirement isn’t just about having enough money in the bank to quit work. It’s a time to go on adventures, learn more about yourself, and begin a new chapter in life (a chapter that could last 20-30 years). What do you need in retirement to be fulfilled? 

1. A Structured Schedule

Most of your life you’ve stuck to some type of schedule. You planned your days out in grade school, in college, and then throughout your working years. Retirement is arguably the only time in your life when you have no structure at all. The calendar is completely blank and you’re free to plan out your days how you wish. 

All that newfound freedom is fun at first, but a lack of structure can lead to restlessness. The days turn into weeks, weeks turn into months, and before you know it, you don’t know where the time has gone. To combat this aimlessness, keep some type of schedule when you retire. You don’t have to plan out every second of every day, but implement some routines to keep yourself from getting bored. 

For example, do you want to stay healthy in retirement? Sign up for workout classes a few times a week. Do you want to keep in touch with friends? Schedule a weekly lunch date. Would you like to pick up a new hobby? Dedicate a specific block of time to it. Create a schedule full of activities you can look forward to.  

2. A Sense Of Purpose

Many of us find our purpose in our careers. Our work is ingrained into our identity and it’s hard to find new passions once we retire. So, what will your purpose be in retirement? How will you stay engaged and content? 

According to a recent retirement survey, 76% of retirees who engage in 10 or more activities are very satisfied in retirement, compared to only 52% for those engaged in 1-4 activities. (1) Some activities that give retirees a new sense of purpose include:

  • Spending time with family
  • Socializing with friends on a regular basis
  • Gardening and improving the home
  • Traveling
  • Volunteering
  • Joining a club or organization

And don’t think it’s too late to find your life’s passion. A recent study found that people with a sense of purpose have a 15 percent lower risk of death compared to those who are aimless. (2) The study also found that it doesn’t matter when you find your direction. Even if you’re in your 70s, it still leads to a longer life. 

3. A Strong Community

Last but not least, surround yourself with people you love. Studies show that 62% of women miss their daily interactions with colleagues after they retire. (3) If you stop and think about it, this makes sense. Women spend the better part of their lives connecting and building relationships in the workplace. Once retired, it can be difficult to replace this type of connection. 

The good news is, engaging in the activities listed in #2 above (spending time with family, volunteering, joining a club, and so on) is a great way to stay connected and add meaning to your life. 

Let Us Help You

At HFG Wealth Management, we want to help you live a worry-free and satisfying retirement. We believe this starts with taking steps today to make sure you’re financially, emotionally, and psychologically prepared. If you need assistance securing your financial future and planning for a happy retirement, schedule a complimentary consultation introductory meeting to see if we are the right fit by calling us at 832-585-0110, emailing us at info@hfgwm.com, or contacting us online

About HFG Wealth Management

HFG Wealth Management, LLC is an independent financial planning and wealth advisory firm serving individuals, families, and business owners in The Woodlands and nationwide. HFG is committed to building meaningful relationships with clients that seek to span time and generations, helping clients live the lives they desire while also helping achieve their financial goals. Founder and CEO Larry A. Harvey, ChFC, with 35 years of experience and leading a team of experienced financial planning and support professionals, takes a highly personalized approach to financial guidance. HFG Wealth Management has integrated the complexity of financial life planning and investment management services into a customized wealth management offering. HFG is committed to keeping clients balanced, yet seeks to be flexible in response to constantly changing market conditions, all while providing ongoing support to help clients maintain a disciplined approach to realizing their financial objectives. To learn more about HFG Wealth Management, connect with them on LinkedIn.


(1) https://www.tiaa.org/public/about-tiaa/news-press/press-releases/pressrelease641.html 

(2) https://www.npr.org/sections/health-shots/2014/07/28/334447274/people-who-feel-they-have-a-purpose-in-life-live-longer

(3) https://www.dailymail.co.uk/news/article-2328725/Why-women-struggle-men-life-retirement-80-feel-purpose-life-quitting-work.html

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